The International Federation of Association Football (FIFA) has announced the launch of its own blockchain, FIFA, compatible with the Ethereum Virtual Machine (EVM), to provide "higher performance, new features, and improved scalability".
As part of this transition, FIFA Collect, the official NFT collection, will be moved from the Algorand blockchain to the new blockchain. FIFA released its non-fungible tokens ahead of the 2023 Club World Cup in Saudi Arabia in collaboration with the blockchain company Modex.
At this stage, no immediate action is required. When the migration process begins, we will provide clear step-by-step instructions on what you will need to do," the announcement states.
The transfer of the collection will take place no earlier than May 20, FIFA reported, adding that a specific date will be announced later along with clear instructions for NFT holders.
